We have a weird market these days, I wouldn't call it bull anymore. The actual bull market lasted 3-4 months when $70k was broken but then the recession did its job by suppressing it once again otherwise the momentum could have taken us a lot higher.
I feel the same even before
this post from Ki Young Ju that was discussed in forum two weeks ago.
The recession existed months before Trump adminstration start and many governments only tried a lot to soften existence and severity of recession by using a funny term "Technical recession". If people are experienced, they will definitely know that such announcement on "Technical Recession" is an unofficial announcement of recession.
As for Bybit you have to remember that it was an altcoin exchange they hacked and a shitcoin they stole so if anything it should have dumped that shitcoin's price (I didn't check if it did) not bitcoin's price.
It's true but in uncertain time, the market is more sensitive with bad news, hacks and more vulnerable to be dumped.